As of June 30, 2024
| Portfolio Snapshot | |
|---|---|
| Total Investment1 | $1.2B |
| Number of Investments | 492 |
| Number of Properties | 174 |
| Geographical Location | 18 U.S. States |
| Investment Type | Number of Investments | Number of Properties | Amount1 |
|---|---|---|---|
| Direct Operating and Net Lease Investments | 48 | 48 | $ 1.1B |
| Unconsolidated Investments2 | 12 | 126 | $124.4MM2 |
Investment Type: Direct Operating and Net Lease Investments
Number of Investments: 48
Number of Properties: 48
Amount $ 1.1B
Investment Type: Unconsolidated Investments2
Number of Investments: 12
Number of Properties: 126
Amount $124.4MM2
Facility Type
Geographic Location
| Investment | # of Properties | Date | Facility Type3 | Location | Amount1 | |
|---|---|---|---|---|---|---|
|
Direct Operating and Net Lease Investments | Winterfell | 32 | May 2015/ Mar 2016 | ILF | 12 States | $751.1MM |
| Arbors | 4 | Sep 2014 | ALF | Long Island, NY | $98.3MM | |
| Pacific Northwest (f/k/a Avamere) |
5 | Feb 2017 | ALF | Oregon & Washington | $95.5MM | |
| Aqua4 | 4 | Various | ILF ALF MCF | Texas & Ohio | $85.5MM | |
| Rochester4, 6 | 2 | Aug 2017 | ILF ALF | Rochester, NY | $46.9MM | |
| Oak Cottage | 1 | Feb 2017 | MCF | Santa Barbara, CA | $15.7MM |
| Investment | Joint Venture Partner(s) | # of Properties | Date | Facility Type 3 | Location | Ownership | Amount1 | |
|---|---|---|---|---|---|---|---|---|
|
Unconsolidated Investments | Trilogy5 | American Healthcare REIT, Inc. | 126 | Dec 2015 | Integrated Campus | 4 States | 24% | $124.2MM |
Integrated Campus: Integrated Senior Health Campus | ALF: Assisted Living | ILF: Independent Living | MCF: Memory Care
NorthStar Healthcare owns the properties pictured.
1) For direct investments, amount represents gross real estate carrying value, net of impairment, before accumulated depreciation as presented in NorthStar Healthcare's consolidated financial statements as of June 30, 2024. For unconsolidated investments, amount represents the carrying value of the investments in unconsolidated ventures as presented in NorthStar Healthcare's consolidated financial statements as of June 30, 2024. 2) Excludes NorthStar Healthcare's 20.0% minority interest in Solstice Senior Living, LLC, a management platform formed with Integral Senior Living, LLC exclusively to manage our Winterfell portfolio. 3) Classification based on predominant type of services provided at each property, but may include other services. 4) NorthStar Healthcare owns a 97% and affiliates of Watermark own a 3% non-controlling interest in the Rochester and Aqua portfolios. 5) Property count includes properties owned and leased by the joint venture and excludes its institutional pharmacy and therapy businesses. 6) Excludes the seven healthcare real estate properties, securing seven individual mortgage notes payable, which were placed into a receivership in October 2023.